Effective Implementation Methods for SOX Compliance
Introduction In the wake of corporate scandals and accounting frauds in the early 2000s, the Sarbanes-Oxley Act (SOX) was enacted in 2002 to protect investors and improve corporate governance. The law applies to publicly traded companies in the United States and aims to ensure the accuracy and reliability of financial reporting. According to a survey by Protiviti, 71% of organizations reported that SOX compliance has a significant impact on their financial reporting processes. ...